Marvell Technology(US:MRVL) 智通财经网·2026-01-23 08:07Core Insights - Marvell Technology (MRVL.US) has received an Early Termination notice from the Federal Trade Commission (FTC) regarding its acquisition offer for AI chip startup Celestial AI, indicating that the merger has passed the compliance review under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) [1] - The acquisition, initially valued at approximately $3.25 billion, includes $1 billion in cash and $2.25 billion in stock, with additional performance-based payments contingent on revenue targets [2] Financial Details - The first revenue target requires Marvell Technology to achieve at least $500 million in cumulative revenue for the fiscal year 2029, triggering one-third of the additional payment [2] - The total transaction value could reach up to $5.5 billion if Celestial AI meets specific revenue milestones by the end of fiscal year 2029 [2] Technological Impact - The core asset of the acquisition is Celestial AI's "Photonic Fabric" technology, which aims to address the "memory wall" bottleneck in large-scale AI computing systems by utilizing optical signals instead of traditional electrical signals [2] - This acquisition is expected to enhance Marvell Technology's competitive position in the next-generation accelerated computing infrastructure market by filling a critical technology gap in optical interconnects [2] Market Reaction - Following the favorable regulatory news, Marvell Technology's stock showed a stable performance, with a slight increase of 0.67% on the day of the announcement, closing at $83.10 [2]